At 100M shares the Enterprise value of Valcent would be: EV = (100M * $.50) + (net debt= $0 - $500K = -$500K) EV = $49.5M EV/EBITDA = 82.5X Question for you, is the EV/EBITDA multiple similar or the same to the PE multiple, as in it works on a similar range of what is low and what is high?